Tag #Rosebank

What are the immediate consequences of potential Treasury support for the Rosebank oilfield, considering Labour's stated commitment to no new oil and gas licenses?

The Rosebank oilfield development, approved in 2023 but later deemed unlawful, faces potential revival. Treasury support, potentially from Rachel Reeves, clashes with Keir Starmer's commitment to no new oil and gas licenses, causing internal party conflict. This conflict highlights a critical tension between economic growth and climate commitments within the Labour party.